Credit union savings balances declined for the first time in modern history. TruStage tracks that and other key economic trends in its latest Credit Union Trends Report.

Highlights from the June 2023 (April 2023 data) Credit Union Trends Report include:

• Credit union yield on asset ratios rose to 4.06% in the first quarter of 2023, the highest since 2010 and approaching the 4.6% long-run average.

• Credit union loan balances rose 0.6% in April, almost a third of the 1.7% pace reported in April 2022, and 16.2% during the last 12 months.

• Credit union savings balances are declining at a -1% seasonally adjusted annual rate, the first drop in modern history.

The trends report includes data from the previous two months and is published and distributed by Steven Rick, Chief Economist from TruStage. You can review the May 2023 Credit Union Trends Report in its entirety here.

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